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MY Stock 118 KLSE News & Tips

Monday, April 10th, 2017

TOKYO, April 10 — Japanese automaker Toyota Motor Corp said it is spending US$1.33 billion (RM5.9 billion) in its Kentucky plant as part of a plan to invest US$10 billion in the United States over the next five years. The investment in the…

NEW YORK, April 10 — Big US lenders are expected to report another round of uninspiring quarterly results this week, which analysts said could dampen a “Trump rally” in bank stocks fuelled by expectations the new president would lighten…

(April 10): Elon Musk’s Tesla Inc surpassed General Motors Co to become America’s most valuable carmaker, eclipsing a company whose well-being was once viewed as interdependent with the nation’s.

Tesla climbed as much as 3.7 percent in early Monday trading, boosting its market capitalization to US$51 billion. The company was valued at about US$1.7 billion more than GM as of 9.35am in New York and the two have jostled for the lead spot in subsequent trading.

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SINGAPORE, April 10 — Virtual reality technology could become a popular travel tool during the booking process, allowing consumers to explore their hotel room, cruise cabin or destination before they plonk down their hard-earned money. As VR…

(April 10): Taiwan’s Foxconn has indicated that it may pay as much as ¥3 trillion (US$26.99 billion) for Toshiba Corp’s chip business, Bloomberg reported on Monday, citing people familiar with the matter.

South Korea’s SK Hynix Inc and chipmaker Broadcom Ltd have submitted preliminary bids for the business, valued at ¥2 trillion or more, according to the report.

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NEW YORK, April 10 — US stocks were slightly higher today as oil prices rose and as investors prepared for big banks to kick off the first-quarter earnings season later in the week. JPMorgan, Citigroup and Wells Fargo are scheduled to report…

MOSCOW (April 10): The Kremlin said on Monday that US Secretary of State Rex Tillerson will not meet President Vladimir Putin when he visits Moscow on Wednesday, a move that could point to tensions over a US missile attack on a Syrian air base last week.

John Kerry, Tillerson’s predecessor, often met Putin as well as the Russian foreign minister when he visited Moscow, and Putin granted several audiences to the Texan when he ran oil major Exxon Mobil before taking his current job.

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NEW YORK (April 10): US stocks were slightly higher on Monday as oil prices rose and as investors prepared for big banks to kick off the first-quarter earnings season later in the week.

JPMorgan, Citigroup and Wells Fargo are scheduled to report quarterly earnings on Thursday and could throw light on the US banking industry’s performance amid a rally in financial shares since the election of President Donald Trump.

(April 10): New York’s Department of Financial Services (DFS) is investigating Barclays over its chief executive’s attempt to unmask a whistleblower, a person familiar with the matter said on Monday.

The DFS probe is in the preliminary stages, the person said.

Barclays Chief Executive Jes Staley apologised to the bank’s staff on Monday, after the lender said it would dock his pay and reprimand him for failing to follow the lender’s policy granting whisteblowers anonymity.